It is
recommended to settle a debt before judgment, but you can settle a debt.
Most of the creditors prefer to settle a debt instead of an
uncollectible judgment. They prefer to get some money instead of no
money. So, talk to your creditors first. However, it is recommended to
get the satisfaction of judgment letter signed by the creditors to avoid
the hassle in the future.
Yes it
is possible. Even after judgment, you can settle your debt for less than
what you owe as per the court's order. If you can manage to get some
funds from relatives or friends, you can offer that money to the
creditor and settle the judgment.
Yes it
can be settled. I have settled judgments for client is multiple payments
for less than 50 percent, however It is more difficult if a garnishment
order is in place and the creditor is receiving the money.
Sub: #1 posted on Thu, 05/31/2018 - 05:56
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Sub: #2 posted on Thu, 05/31/2018 - 06:36
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Sub: #4 posted on Wed, 06/13/2018 - 09:24
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